Ragnot Amateur Sailing Association Of Texas
- Assets
- $82.8k
- Revenue
- $304.0k
- Investments
- $0.0
- Employees
- 0
- Location
- La Porte, TX
- Founding
- 07/1985
- Data as of
- 12/2023
- EIN
- 74-2300536
Organization Overview
Ragnot Amateur Sailing Association Of Texas is located in La Porte, TX. The organization was established in 1985. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ragnot Amateur Sailing Association Of Texas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ragnot Amateur Sailing Association Of Texas generated $304.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $311.5k during the year ending 12/2023. While expenses have increased by 19.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF RASA IS TO TEACH BASIC AND ADVANCED COMPETITIVE SAILING, TO DEVELOP AMATEUR ATHLETES FOR SAILING COMPETITION AND TO FOSTER NATIONAL AND INTERNATIONAL COMPETITION THROUGH PARTICIPATION IN SUCH EVENTS AS THE UNITED STATES YACHT RACING UNION JUNIOR AND YOUTH CHAMPIONSHIPS, OLYMPIC TRAINING AND COMPETITION AND NATIONAL AND INTERNATIONAL ONE DESIGN CLASS CHAMPIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAUGHT BASIC AND ADVANCED COMPETITIVE SAILING TO DEVELOP AMATEUR ATHLETES FOR SAILING COMPETITION AND TO FOSTER NATIONAL AND INTERNATIONAL COMPETITION. SUPPORT HYC RAGNOT PROGRAM
TAX FILING FEE OF $41.00
DEVELOP AMATEUR ATHLETES FOR SAILING COMPETITION THROUGH OLYMPIC TRAINING AND COMPETITION AND NATIONAL/INTERNATIONAL ONE DESIGN CLASS CHAMPIONSHIPS. CARSON CRAIN OLYMPIC CAMPAIGN
DEVELOP AMATEUR ATHLETES FOR SAILING COMPETITION. ACQUIRE MELGES 15 FLEET FOR TRAINING AND INTERMURAL COMPETITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cardenas Director | Trustee | 0.1 | $0 |
James Tichenor Director | Trustee | 0.1 | $0 |
Patrick Gibson Director | Trustee | 0.1 | $0 |
Ann Graham Director | Trustee | 0.1 | $0 |
Bradford Larson President | Officer | 0.5 | $0 |
Sandra Baldridge Secretary | Officer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,026 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,635 |
| Grants and other assistance to domestic individuals. | $136,807 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $41 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $311,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,837 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $82,837 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $82,837 |
Grants Awarded
Over the last fiscal year, Ragnot Amateur Sailing Association Of Texas has awarded $173,835 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON YACHT CLUB YOUTH RAGNOT SAILING PROGRAM PURPOSE: Promote youth sailing, competition and education | $10,000 |
HOUSTON YACHT CLUB PURPOSE: Purchase of 9 Melges 15 sailboats to promote sailing competition on Galveston Bay | $163,835 |